Wed 12 Jul 2017 Nifty Timewave View Short

Nifty 50 IndexNSE

Description

⋅ Jul 11, 2017 11:52 AM

Today’s (Tue 11 July) summary is captured in the chart and is self explanatory.

We shorted at 9809, going forward the stop-loss for this is 9830 Nifty Spot. Overall the medium term target is 9460 Nifty Spot, but as we are trading short term waves, we will be tracking it closely and exit as and when this short term wave ends, (and will ride the next one!).

When will this end? I cant answer immediately, but will let you know several minutes before it ends.

Comment

⋅ Jul 12, 2017 3:51 AM

Continue to hold....Nifty to go down from here,

Comment

⋅ Jul 12, 2017 6:27 AM

This downmove shortwave can end only tomorrow. Please maintain TSL at 9820 NS.

Comment

⋅ Jul 12, 2017 9:35 AM

Please carry forward. Nifty though sideways so far, can fall in the last leg tomorrow. But if 9820 NS hits we will exit, thats a strict stoploss.

Comments

SohilShah

⋅ Jul 12, 2017 6:49 AM

downmove end ? not goin towards 9700?

pankajvw

⋅ Jul 12, 2017 6:50 AM

@SohilShah, We will go towards 9700, but first this one will end tomorrow, another short wave will retrace it a little and then again down.

SohilShah

⋅ Jul 12, 2017 10:48 AM

@pankajvw, y is ur stop ay 9820? all time high is 9830, bulls simply not giving up

devasiskrmahato

⋅ Jul 11, 2017 3:11 PM

Will nifty go down from here on?

pankajvw

⋅ Jul 11, 2017 4:07 PM

@devasiskrmahato, Yes.

devasiskrmahato

⋅ Jul 11, 2017 4:27 PM

@pankajvw, Thank you. Can u tell me if possible till what it will go down before the up rally starts as i had lot of puts bought at hight price on June 30 which ar now not even 1/10th of the cost price. I want to exit those. Help will be truly appreciated.

pankajvw

⋅ Jul 12, 2017 3:01 AM

@devasiskrmahato, It can go down to 9640

devasiskrmahato

⋅ Jul 12, 2017 4:01 PM

@pankajvw, Hi, Nifthy didnt go down today also. Is there again bullish form happening.